It basically means getting the right product to the right place at precisely when it is necessary. This has a variety of many simple but very crucial steps. These steps include locating the raw materials, manufacturing products, packaging them nicely and shipping to customers. Together, these steps play a crucial role in enabling all the components to work seamlessly. When one step goes wrong, which repurcussions then follows to the whole supply chain.
Supply Chain Logistics — a run down on what it is Companies use logistics to supply chain management in order to ensure that their products arrive quickly and efficiently, but more importantly the end consumer receives them. Delivery on time helps businesses to save their money and a gain profit. It ensures that the customers are happy as they get what they want, when they want. Great for business: Happy customers return to buy more
Establishing long-term relationships with your partners and suppliers is another crucial approach to dealing with the global supply chain. Therefore, when everyone getting involved in the supply chain processes collaborate on the unified platform…it will be much less likely that miscommunication takes place or errors occur… A well balanced team can excel at literally anything.
How does Technology impact on Supply Chain Logistics now compared to earlier years For instance, drones are now used delivering parcels for a couple of companies. Packages could be delivered very fast, as drones can fly over traffic. Because of this, they are excellent for companies that must provide quickly to their clients; specifically in cities where traffic obstructs routine delivery trucks.
Although it can be very rewarding for a company to have everything in place within the supply chain, getting there is another issue. Handling inventory is one of the most difficult tasks. Otherwise, companies run the risk of losing business as customers go elsewhere for products/solutions. Alternatively, if they have too much product it may come out as a loss for keeping idle inventory with them.
One of the other problems encountered by companies is coping with unforeseeable events such as natural catastrophes or work stoppages in transport. These events can easily disrupt the supply chain and that leads to delays so it would otherwise impact on delivery times. While these obstacles may be difficult, there are even more opportunities to improve on logistics management. Using state-of-the-art technology and data at the heart of everything we do, companies can ensure that their supply chains rely on high quality partners.
It also means working together and sharing valuable information, insights etc. For VFS, the more companies can communicate — to understand inventory levels or production schedules and shipping times between enterprises — the better everyone cooperates, leading to an optimized supply chain. While we make mistakes, having teamwork inverts darkness and light: better planning leads to fewer surprises along our paths.